Harbour Capital Advisors LLC purchased a new position in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 69,315 shares of the company's stock, valued at approximately $575,000.
A number of other large investors also recently bought and sold shares of TIGR. Truist Financial Corp acquired a new stake in shares of UP Fintech during the 4th quarter valued at approximately $116,000. Handelsbanken Fonder AB bought a new stake in UP Fintech during the fourth quarter valued at $131,000. Wrapmanager Inc. acquired a new stake in shares of UP Fintech during the fourth quarter worth $140,000. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of UP Fintech in the 4th quarter worth about $194,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of UP Fintech in the 4th quarter worth about $34,000. Institutional investors own 9.03% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of UP Fintech from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Citigroup upgraded UP Fintech from a "sell" rating to a "neutral" rating and increased their price target for the stock from $5.80 to $9.50 in a research report on Wednesday, March 19th. Finally, Bank of America began coverage on UP Fintech in a report on Monday, March 17th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $8.83.
Get Our Latest Report on UP Fintech
UP Fintech Stock Performance
NASDAQ TIGR traded up $0.10 on Tuesday, hitting $8.13. The stock had a trading volume of 3,454,153 shares, compared to its average volume of 7,241,628. The company's 50-day moving average is $8.40 and its two-hundred day moving average is $7.73. UP Fintech Holding Limited has a one year low of $3.36 and a one year high of $14.48. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 0.73 and a beta of 0.64. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.23.
UP Fintech (NASDAQ:TIGR - Get Free Report) last announced its quarterly earnings results on Friday, May 30th. The company reported $0.20 earnings per share (EPS) for the quarter. UP Fintech had a return on equity of 13.19% and a net margin of 18.11%. The company had revenue of $122.61 million during the quarter.
UP Fintech Profile
(
Free Report)
UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.
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